Growth in residential, rental and mortgage segments lift Zillow in Q1

Zillow tallied growing revenue while stabilizing losses in the first quarter of the year as the reigning search portal narrowed in on its post-commission settlement strategy on Wednesday. Continue reading

NAR President addresses Realtors for first time since Sitzer verdict

In a five-minute video posted online Wednesday, NAR President Tracy Kasper urged Realtors to be transparent about commission negotiations as NAR gears up for a long legal battle ahead. Continue reading

Full court press: What to know as the commission battle starts today

The allegations, the high-profile witnesses slated to testify and all the evidence the jury will and won’t see — it’s all here as the long-awaited Sitzer | Burnett commission trial unfolds this week. Continue reading

Canada’s version of the bombshell commission lawsuit gets serious

A judge struck down claims that defendants conspired to “fix,” “maintain” and “increase” prices for buyer brokerage services, but allowed claims they sought to “control” prices to proceed. Continue reading

‘Stop arguing and start adjusting’: Agents react to class-action ruling

From “NAR is toast” to “don’t make any rash decisions,” real estate agents, executives and thought-leaders offered their thoughts on the explosive Moehrl class certification ruling Wednesday. Continue reading

Northwest MLS to directly spell out homesellers’ commission obligation

Effective Oct. 3, NWMLS’s forms will specify that buyer broker compensation will come directly from sellers and offer new options for how listing agents and buyer agents will be paid. Continue reading

Appeals court rejects NAR class certification challenge in lawsuit

The ruling means that Sitzer/Burnett moves forward as a multibillion-dollar class action, currently headed for trial in February 2023. Continue reading

Buyer’s agents, no more claiming your services are free

Claiming your work costs the buyer nothing is misleading, at best. It’s also a weak way to market and brand yourself. Here’s why Jay Thompson says you’re better than that and fully supports National Association of Realtors’ policy changes. Continue reading

DOJ to NAR: Increased competition could save consumers billions

In court filings, regulator says rules “restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations.” Continue reading

NAR to consider listing attribution, DOJ-inspired policies at next event

Lockbox access for non-Realtors and public displays of buyer broker commissions may be added to the list of proposals to be voted on at Realtors Conference and Expo in November. Continue reading